Khandsuren is a 29-year-old lady who has one daughter and lives with her younger sister in Ulaanbaatar, the capital of Mongolia. She operates a clothing business in the largest outdoor market in Mongolia.
She started her business with one small stall at the market in 2002, from which she sells men’s business suits and women's coats. She imports her products from Ereen, a border city between China and Mongolia. Today, she has two stalls at the market and her working capital is currently three million MNT (Mongolian Tugriks).
Borrower Khandsuren is requesting a 1,000,000 Tugriks loan to purchase more clothes for the upcoming season in order to increase her working capital. She is planning to improve her living standards with this loan and live with her daughter prosperously.
Transcapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.